Crypto:
36638
Bitcoin:
$91.755
% 1.63
BTC Dominance:
%58.7
% 0.02
Market Cap:
$3.13 T
% 1.20
Fear & Greed:
28 / 100
Bitcoin:
$ 91.755
BTC Dominance:
% 58.7
Market Cap:
$3.13 T

Strategy Misses Estimates Despite 14% YTD Bitcoin Yield in Q1

strategy

Strategy, formerly known as MicroStrategy, reported a 13.7% year-to-date yield on its vast Bitcoin holdings, even as it missed Wall Street estimates on both revenue and net earnings for the first quarter of 2025.

Strong BTC Performance, Massive Unrealized Loss

In its May 1 earnings release, the firm said its Bitcoin yield translated to more than 61,000 BTC, valued at approximately $5.8 billion. CFO Andrew Kang stated that the company now aims for a 25% Bitcoin yield and $15 billion in gains by year’s end.


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However, Strategy reported $111.1 million in revenue, down 3.6% year-over-year and about 5% below analyst expectations. Its net loss hit a staggering $4.2 billion, or $16.49 per share, far worse than the expected $0.11 per-share loss. This was mainly due to a $5.9 billion unrealized loss on its Bitcoin holdings.

strategy

New Capital, Stock Slightly Up

To continue purchasing Bitcoin, Strategy announced a $21 billion stock offering, a bold move despite its Q1 losses.

Shares of MSTR closed 0.39% higher at $381.60 on May 1, slipping slightly to $378.50 in after-hours trading. The stock is up 31.5% year-to-date but remains below its November high of $470.

Since 2020, Strategy has acquired more than 550,000 BTC, with an average price of around $68,500. The firm’s Bitcoin holdings now exceed $53 billion in market value.

Strategy remains the largest Bitcoin-holding public company. Public firms hold over $73 billion in BTC, while institutional funds manage an additional $128 billion, per BitcoinTreasuries.NET.


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